日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

share
 

US tariff policies threaten global economy, expert warns

0 Comment(s)Print E-mail Xinhua, February 22, 2025
Adjust font size:

Washington's escalating protectionist policies, grounded in the "zero-sum" logic, risk destabilizing the global economic order and deepening recessionary pressures, an expert has said.

The Trump administration's tariff-driven agenda, which prioritizes short-term domestic gains, threatens to fracture international supply chains and undermine multilateral institutions, said Vlade Simovic, a professor of the Faculty of Political Science at the University of Banja Luka in Bosnia and Herzegovina.

In an interview with Xinhua, he depicted the Trump administration's move to revive high tariffs as a return to mercantilist principles.

While Washington seeks to reshore manufacturing and reduce reliance on imports, this approach ignores the realities of globalization, said Simovic.

Though tariffs may be politically appealing to Washington, the expert warned, they may trigger retaliatory cycles.

"Modern economies thrive on interdependence. Disrupting this balance risks inflation, supply chain chaos and a collapse of multilateral frameworks," he said.

U.S. unilateralism is eroding the World Trade Organization (WTO), with Washington prioritizing bilateral deals over multilateral rules, said Simovic. "The WTO is increasingly irrelevant to the U.S. that writes its own playbook."

Historical parallels are alarming -- protectionism in the 1930s worsened the Great Depression, he added.

Simovic said that the European Union, as a key U.S. trade partner, faces acute vulnerabilities under U.S. tariff threats on steel, aluminum and automobiles, which pose risks to Europe's social stability and economic growth.

The international community must prioritize inclusive reforms to avert a preventable crisis -- one where short-term political wins pave the path to long-term collective loss, he said. 

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 冕宁县| 黎平县| 宁津县| 宜城市| 德令哈市| 呼和浩特市| 鸡西市| 通州市| 托克逊县| 安泽县| 河池市| 建德市| 景德镇市| 旅游| 左权县| 晋中市| 津市市| 牙克石市| 大同市| 石柱| 泸定县| 达州市| 察雅县| 东乌珠穆沁旗| 遂昌县| 黑河市| 渝中区| 英超| 丘北县| 塔河县| 关岭| 都兰县| 历史| 夹江县| 康马县| 龙南县| 绥江县| 盐山县| 那曲县| 洪雅县| 桐柏县|